Form 4: Select Water Solutions Executive Reports Stock Transactions
SEC Form 4 Filing
Brian Szymanski, Chief Accounting Officer of Select Water Solutions, reports acquisition and disposal of Class A Common Stock.
Summary
- Brian Szymanski, the Chief Accounting Officer of Select Water Solutions, reported transactions involving Class A Common Stock.
- On February 24, 2024, he acquired 28,070 shares of Class A Common Stock at $0, and disposed of 14,736 shares at $8.8 to cover tax obligations related to vesting restricted stock.
- On February 26, 2024, he sold 6,422 shares at $8.6.
- Following these transactions, Szymanski directly owns 95,936 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The tax withholding impacts the executive's personal finances.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Acquisition of 28,070 shares of restricted stock and disposal of 14,736 shares for tax obligations. |
| 02/26/2024 | Sale of 6,422 shares of Class A Common Stock. |
| 02/24/2025 | First vesting date for 1/3 of the restricted stock granted on February 24, 2024. |
| 02/24/2026 | Second vesting date for 1/3 of the restricted stock granted on February 24, 2024. |
| 02/24/2027 | Final vesting date for 1/3 of the restricted stock granted on February 24, 2024. |
| 02/27/2024 | Date of Form 4 filing. |
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